A higher-than-expected inflation number has dramatically raised the risk the Reserve Bank will be forced to hike interest rates again to get consumer prices under control.
The Australian Bureau of Statistics measure of consumer prices for May showed a rise in annual headline inflation from 3.6 back to 4 per cent.
The Reserve Bank targets an inflation rate of 2-3 per cent, aiming for the mid-point of that range.
Subscribe: ab.co/1svxLVE
Read more here: www.abc.net.au...
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: ab.co/2lNeBn2
Like ABC News on Facebook: / abcnews.au
Follow ABC News on Instagram: / abcnews_au
Follow ABC News on X (Twitter): / abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
25 июн 2024
